Consumer News

TOPEKA – (October 14, 2014) – A Florida company will pay more than $21,000 in fines and penalties for violating the Kansas Consumer Protection Act and the Kansas Credit Services Organization Act, Kansas Attorney General Derek Schmidt announced today.

Cypress Law Group Inc, doing business as The Cypress Law Group, P.L. of Fort Lauderdale, Florida, agreed to a consent judgment ordering them to pay $21,500 in investigative fees and civil penalties. In addition, the firm must pay $5,400 in restitution to two Kansas consumers. The investigation stemmed from a consumer complaint regarding fees paid to the firm for assistance in requesting a loan modification from a mortgage servicer. It was determined that the Cypress Law Group was advertising and providing debt management services to Kansas consumers without a license and charging grossly inflated prices for similar services that were readily obtainable by licensed credit services organizations.

Judge Rebecca Crotty approved the judgment in Shawnee County District Court.